EPF, KWAP, Aberdeen pare CTOS stakes as shares plunge 44pct
KUALA LUMPUR: Three major shareholders of CTOS Digital Bhd have collectively disposed of nearly 22 million shares since Sept 23, when the credit reporting agency disclosed a cybersecurity breach that has since sent its share price tumbling.
On September 23, three major shareholders - the Employees Provident Fund (EPF), Retirement Fund Inc (KWAP), and Aberdeen Group plc - collectively disposed of nearly 22 million shares in CTOS Digital Bhd following a cybersecurity breach disclosure. This brought the stock's cumulative loss to 44.19% from its previous closing price of 64.5 sen. CTOS shares fell 15.29%, or 6.5 sen, to close at a fresh low of 36 sen. KWAP reduced its stake the most, followed by EPF and Aberdeen.
The combined reduction of about 21.57 million shares represents roughly one percent of CTOS's issued share capital. CTOS bought back 500,000 shares at 61 sen each on September 25, but the stock has since fallen nearly 41% from that repurchase price.
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